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Fuel provisions in the Tax Relief bill

Green Car Congress

4853 , the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Middle Class Tax Relief Act of 2010”). The bill, among its other provisions, contains a number of provisions related to energy (Title VII, Subtitle A) and within that, provisions related to fuels.

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US House Passes Tax Extenders Bill

Green Car Congress

The US House of Representatives has passed the “Tax Extenders” Bill (HR4213) by a vote of 241 - 181. the bill amends the Internal Revenue Code to extend through 2010 certain expiring provisions for individual and business taxpayers. The “Tax Extenders” Bill will now go to the Senate.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

Green Car Congress

Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., Minor changes to an existing Federal tax incentive for second-generation biofuels (i.e., The study identified four specific changes to the US tax code that could help accelerate the commercialization of second-generation biofuels.

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EIA: US consumption of alt fuels up 13% in 2011; E85 second behind natural gas; medium-duty vans had greater impact than LDVs

Green Car Congress

Consumption of alternative fuels by vehicle type, 2011. Replacement fuels—i.e., In alternative-fueled vehicles, consumption of ethanol (E85) increased 52% from the prior year’s consumption, an increase from 90,323 thousand gasoline-equivalent gallons in 2010 to 137,165 thousand gasoline-equivalent gallons in 2011.

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Mack introduces natural gas-powered TerraPro Cabover low-emission solution for refuse and construction applications

Green Car Congress

Natural gas-powered Mack TerraPro certified for Federal tax credit. The 9-liter Cummins Westport ISL G is rated at 320 hp (239 kW), can use compressed (CNG) or liquefied natural gas (LNG), and has a three-way catalyst to meet EPA 2010 emissions standards. The natural gas TerraPro Cabover also qualifies for tax credits.

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Two case studies outline how Houston and Loveland are saving money with EVs in their fleets

Green Car Congress

Its efforts to incorporate alternative fuel vehicles (AFVs) into its fleet began in 2002 with an initial purchase of hybrid electric vehicles (HEVs), mainly the Toyota Prius and Ford Escape hybrid. In 2010, the city converted 15 Toyota Prius hybrids to plug-in hybrid electric vehicles (PHEVs).

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A look at how US Tax Bill affects fuels

Green Cars News

On Friday, HR 4853, the Tax Relief, Unemployment Insurance Reauthorisation and Job Creation Act of 2010, was signed by US President Barack Obama. It includes a number of provisions related to fuels. Firstly, the bill will extend the volumetric ethanol excise tax credit through 2011 at the existing rate of $0.45/gallon.

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